Bitwise XRP ETF Records $15.4 Million Net Inflow

On the 28th, a total of $26,196,400 flowed into the U.S. Ripple (XRP) spot exchange-traded fund (ETF) in one day. The Bitwise XRP ETF recorded a net inflow of $15,398,100, making it the top product in terms of net inflows. On the same day, the Bitwise XRP ETF saw the largest capital inflow among U.S. XRP spot ETFs, with a cumulative net inflow amounting to $603 million. The total net asset value of the entire XRP spot ETF market was $1.439 billion, and the ratio of ETF net assets to XRP's market capitalization stood at 1.66%. Following Bitwise, the Canari XRP ETF had a net inflow of $5,119,800. The net inflow of spot ETFs is calculated by subtracting the outflows from the inflows over a certain period, while the net inflow for a single trading day reflects the cash flow for that day. Recently, funds have been concentrated in Bitwise products, with a net inflow of $28,136,700 on the 26th alone. Digital Today reported that Bitwise purchased an additional $15.4 million worth of Ripple, which matches the net inflow of the Bitwise XRP ETF on the 28th. While it is difficult to definitively conclude that institutional demand is expanding based solely on a single day's net inflow, it is crucial to note that the Bitwise XRP ETF led the net inflows in the U.S. XRP spot ETF market on the 28th.

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